Standard Chartered—Senior Manager, Climate Risk Stress Testing

Job description

Description: Job Summary • Support the scenario analysis workstream for the countries • Point of contact for the country related climate stress tests and scenario analysis • Support the reporting and TCFD requirements for countries • Promote Risk Governance. The job holder will be based in Bangalore and focusing on providing support for the Group Climate Risk team. The role holder will work in close alignment with a dedicated onshore manager that covers content driven topics and senior stakeholder management. Key Responsibilities Strategy • Support the Climate Risk scenario workstream focused on regulatory and management stress testing and scenario analysis, as well as periodic analysis including portfolio sensitivity analysis to both transition and physical risks. • Support the use of climate scenario analysis for various objectives, including risk management, business decision making and strategy, corporate and account planning. Ensure that appropriate risk parameters and business targets are set up and adequately consider Group's stress results. • Support the development of a climate scenarios knowledge base, including research into industry best practices, regulatory and academic developments. • Focus on execution while being innovative, ability to take accountability and find ways to be part of the solution even when identifying problems. • Support country teams in executing local climate risk related stress testing and scenario analysis needs. • Have an automation-based mind set to support the automation of the scenario analysis for countries. Business • Broad awareness and understanding of business model and risk profile. • Understanding of the bank's existing enterprise risk management framework, governance of the ERMF related requirements, wider stress testing and scenario analysis capabilities and existing processes, with an understanding of the climate risk stress testing and scenario analysis approach Processes • Design and build controls for the Scenario analysis related workstream for Climate Risk. • Evaluate relevant existing controls and contribute to designing new controls as required. • Support development of climate databases, including sourcing of internal and external data and performing data quality checks as required. People & Talent • Be part of a diverse team of skilled and experienced professionals in India. • Collaborate within ESG-R team and with key partners in climate modelling team, scenario design team and second line review, challenge team and various country teams to support various ESG-R projects and initiatives. • Lead by example in reinforcing the appropriate culture and values of the function. • Contribute to ongoing training and development of team members. Risk Management • Understanding of various scenario families including NGFS, IPCC, and IEA scenarios • Understand and translating transmission channels of climate risks into financial system impacts • Familiarity with industry leading climate risk models and climate/ESG data providers, with fluency in the scope, capabilities, and limitations of each tool and platform • Understanding of regulatory expectations with respect to climate risks including capital frameworks etc • Experience in dealing with large complex, change projects and/or building / delivering new capabilities • A proven track record of liaising across diverse stakeholder groups; including senior managers, and large firm networks • Experience with scenario expansion and/or econometric modelling for scenario analysis and stress testing purposes • Ability to code in SAS, R, Python • Prior experience in stress testing, understanding of IFRS9, IRB models in credit retail and wholesale space • Ability to understand and appreciate the complex interlinkages between systems Governance • Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for regulatory and management scenario analysis Regulatory & Business Conduct • Display exemplary conduct and live by the Group’s Values and Code of Conduct. • Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct. • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Key stakeholders • Senior business and risk stakeholders and their team members: • Group Risk Framework Owners • Global Head, Enterprise Risk Management • Global Head, Stress Testing & Analytics • Other stakeholders include: • Regional and country stress testing teams • Group Risk reporting • Group Finance • Group Strategy • Group Sustainability • Group Investor Relations • Group Corporate Affairs • Group Scenario Design Team Other Responsibilities • Embed Here for good and Group's brand and values in climate risk team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); • Lead the scenario analysis workstream for the group and countries • Point of contact for the country related climate stress tests and scenario analysis • Lead the reporting and TCFD requirements for countries • Promote Risk Governance Skills and Experience • Data Science • MS Excel • Python • Power Point • Credit Risk Management • Stress Testing Qualifications • Market Knowledge: 8-12 years of strong experience in Climate Risk and/or Credit Risk Management as well as global climate policies and industry trends within space. • Good communicator, in particular written communications in English • Ability to explain complex matters in simple and intuitive terms • Ability to track and report progress updates of multiple areas against milestones and highlight key issues • Collaborative: working as part of a broader team to ensure a coordinated and consistent approach • Good organizer of incoming requests within the team • Ability to work with minimal direction • Demonstrate understanding of and commitment to the Group's core values. • Ownership mindset, able to think creatively and be open to new ideas • Able to work with tight deadlines and multiple demands • Attention to detail • Proactive, problem-solving, helpful • Strong experience in MS Excel and Power Point • Experience with coding in SAS, R, Python • Econometric/statistical model building experience preferred • Experience with IFRS9, IRB, Stress testing models About Standard Chartered We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us. Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we: - Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do - Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well - Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term What we offer In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing. - Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations. - Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum. - Flexible working options based around home and office locations, with flexible working patterns. - Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits - A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning. - Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.